Neville Rodie & Shaw Inc. lifted its position in shares of Visa Inc (NYSE:V) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,908 shares of the credit-card processor’s stock after acquiring an additional 1,239 shares during the quarter. Visa makes up about 1.8% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its 11th largest position. Neville Rodie & Shaw Inc.’s holdings in Visa were worth $18,147,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in V. Fort L.P. acquired a new stake in shares of Visa during the second quarter worth $120,000. Cascade Investment Advisors Inc. acquired a new stake in shares of Visa during the second quarter worth $132,000. Bridgeworth LLC acquired a new stake in shares of Visa during the second quarter worth $143,000. Ruggie Capital Group acquired a new stake in shares of Visa during the second quarter worth $164,000. Finally, Signature Estate & Investment Advisors LLC grew its stake in shares of Visa by 36.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 1,357 shares of the credit-card processor’s stock worth $180,000 after purchasing an additional 365 shares during the period. Institutional investors own 80.15% of the company’s stock.
In other news, EVP William M. Sheedy sold 3,643 shares of the company’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $133.07, for a total transaction of $484,774.01. Following the completion of the transaction, the executive vice president now directly owns 241,983 shares of the company’s stock, valued at $32,200,677.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William M. Sheedy sold 99,636 shares of the company’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $139.28, for a total value of $13,877,302.08. Following the transaction, the executive vice president now directly owns 296,925 shares of the company’s stock, valued at $41,355,714. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.
V stock opened at $134.42 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.61 and a debt-to-equity ratio of 0.58. The stock has a market cap of $271.31 billion, a PE ratio of 29.16, a PEG ratio of 1.45 and a beta of 1.11. Visa Inc has a fifty-two week low of $106.60 and a fifty-two week high of $151.56.
Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Visa had a return on equity of 38.00% and a net margin of 49.98%. As a group, equities research analysts anticipate that Visa Inc will post 5.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Friday, November 16th will be given a dividend of $0.25 per share. This is a boost from Visa’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, November 15th. Visa’s dividend payout ratio is currently 21.69%.
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Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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